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Arabic News Front Page for 12/22/1998

Originally published

Today's Headlines

Short Takes

  • The leaders of parties and political organizations in Egypt including El-Wafd, El-Tagmouh, El-Amal, EL-Naseri, El-Ahrar, Moslem Brotherhood are to head a demonstration march tomorrow morning in support of the Iraqi people. The march will start from the headquarters of the Arab Democratic Party in Cairo. Go
  • The Union of Arab Banks in Beirut issued its report, evaluating the performance of Arab banks during 1998 and expectations for these banks' performance during the coming year. The report issued today listed the 10 most profitable Arab banks: International De Paris (Lebanon), the French - Lebanese El-Mohandish (Egypt), Franspetic (Lebanon) and colony, National Societe Generale Bank (Egypt). Go
  • The council of the International Amateur Athletics Federation (IAAF) canceled the sanctions imposed on Morocco for denying entry visas to Israeli participants in the world cross-country championships, held last February in Marrakesh. Go
  • The Egyptian minister of industry engineer Soliman Reda stated today that the volume of industrial investment in Egypt totaled 40 billion pounds. Reda said that the Egyptian automotive industry has witnessed a great increase in investment during the past five years adding that Egypt produces 75% of the vehicles it uses for heavy transportation and 40% of its needed light transportation vehicles. Go
  • Algerian President Liamine Zeroual stated yesterday the Algerian refusal to resort to use of power outside international legitimacy like what happened in Iraq. He also said, "The Algerian people will stand by their brothers, the Iraqi people, in their difficult circumstances," denouncing the US - British attempts to interfere in other countries' internal affairs. Go
  • White House spokesman Joe Lockhart stated that the US expects whatever Israeli political party is in power to implement agreed-to peace agreements. He said, "we think it would be unfortunate if there was any extended delay to implementation.," adding that it's in the interest of both sides to implement the agreement. Go
  • US White House spokesman Joe Lockhard today denied Iraqi press reports that a missile had been sired by an aircraft in the soughtern Iraqi no-fly zone. "We have no information or evidence that anything like what has been reported in the Iraqi press happened," he said. "I would suggest that that report is erroneous." Go
  • Egyptian Minister of Transportation Soliman Metwali will place together with Japanese Minister of State Mino Suzuki at the end of the current month the cornerstone for the Suez Canal's suspension bridge, whose cost reached nearly 38 million pounds, to which Japan is contributing the construction work. The project will be completed at the end of the year 2001. Japanese companies will tackle implementing the metal part of the bridge whose height is 70 meters above the canal to allow the large ships, supertankers and aircraft carriers to pass through the canal. Go
  • Iranian political sources stated today that the US administration offered the Iranian government two weeks before starting military operations against Iraq an opportunity to cooperate in toppling President Saddam Hussein. The sources emphasized that Tehran refused the offer and that the Iranian position surprised Washington, which was outwardly disappointed but may have concealed joy at this refusal order to create any alternative situation in Iraq according to its plans and interests. Go
  • The Sudanese National Council (parliament) has accepted the resignation of its speaker Hassan al-Turabi from his post. Al-Turbai submitted his resignation earlier in the day, Monday. al-Turbai had announced determination to quit so as to dedicate all his time to the ruling general secretariat of the national conference which will be transferred into a political party by the beginning of January, 1999, MENA reported. Go
  • Israeli military sources said that a unit of Israeli naval commandos on Saturday carried out a military strike in south Lebanon that resulted in killing one member of the Lebanese Amal movement. Go

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